BmanAlerts Momentum Scan profiles issues displaying expanding volume with a bullish intraday trend. This is one of many scans a daytrader, swing trader, or active trader can utilize to formulate ideas. Trading tip track the green issues and look for trading trends over the course of the next week. You can also track issues just starting to move up on expanded volume. Everyone has a different strategy. Whether you short, go long, swing, or scalp this scan will help you find good ideas. Good luck traders.
Trading is one the hardest professions that churns and burns almost all new comers. My best advice is to first set up a quality platform that gives you the best chance to find quality ideas. Then learn how to use the tools to navigate and manage your trading account.
Trading is a marathon not a sprint. Often time’s new traders allow one bad day to alter not only their trading styles,
but their emotions as well. In order to be a successful trader you have
to learn to put tough trading days in their place. Do you think every
game Michael Jordan lost; he then went home and changed his entire style
of play. When Tiger Woods has an off day, do you think he immediately
calls his swing coach to develop a new swing strategy?
Set Daily Limits
Have a maximum amount of money you are willing to risk per day as a part of your day trading
activities. Base this number on your comfort level. If in the
unfortunate event this number is hit, immediately stop trading. You can
always get it back on another day. For example, let’s say you are
comfortable risking $500 per day. But, then you break this rule and end
up losing $1,500. How do you think this will make you feel? Set a number
you can live with and forget about everything else.